General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 10 years ago, 03/06/2015
"Crazy cat lady" but paying well above market and pays early every time. How much pressure should I keep on her?
I've got 4 units that I rent out furnished and all bills paid.
My target market is guys coming into town for work and want to save compared to a hotel, Most of my contracts are month to month, I'm getting nearly double market rent, and I have a wait list (I know many of you are wondering about vacancies).
One lady has ended up with me in a long term situation and is happily paying the higher rent, uses less utilities than her neighbor, fixes her own stuff, even though I implore her not to and to let me pay my handiman to do it, and pays rent early.
I knew she had one cat. One cat has turned into at least 6 litter boxes and taking in uncountable strays. I know the apartment stinks, I know that I'm going to have to pay a ton to fix it after she's out, I know that it's going to cost vacancy on top of the repair.
But she's paying....
I am putting some pressure on her to clean up, but with so many "Of course, Hun", and other pleasantries, I haven't really come down on her hard.
My thought is:
I'm going to have to do the repairs no matter what. whatever damage she's caused is unlikely to get worse (she's been there over a year). What's the difference in doing it now and doing it in another 6 months or possibly years down the line?